Target Corporation operates as a general merchandise retailer in the United States. It offers apparel for women, men, young adults, kids, toddlers, and babies, as well as jewelry, accessories, and shoes; and beauty products, such as skin and bath care, cosmetics, hair care, oral care, deodorant, and shaving products. The company also provides food and beverage products comprising dry and perishable grocery, including snacks, candy, beverages, deli, bakery, meat, produce, and food service; electronics which includes video games and consoles, toys, sporting goods, entertainment, and luggage; bed and bath, home dΓ©cor, school/office supplies, storage, small appliances, kitchenware, greeting cards, party supplies, furniture, lighting, home improvement, and seasonal merchandise; and household essentials, such as household cleaning, paper products, over-the-counter healthcare, vitamins and supplements, baby gear, and pet supplies. In addition, it sells merchandise through periodic design and creative partnerships, and shop-in-shop experience; and in-store amenities. The company sells its products through its stores; and digital channels, including Target.com. Target Corporation was incorporated in 1902 and is headquartered in Minneapolis, Minnesota.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2026
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2026 | $104.8B | $8.3B | $3.7B | $2.8B | 22.9% | -1.7% | -9.4% |
| 2025 | $106.6B | $8.7B | $4.1B | $4.5B | 27.9% | -0.8% | -1.1% |
| 2024 | $107.4B | $8.6B | $4.1B | $3.8B | 30.8% | -1.6% | 48.8% |
| 2023 | $109.1B | $6.6B | $2.8B | $-1.5B | 24.8% | - | - |
| 2022 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Total Revenue | - | 109,120 | 107,412 | 106,566 | 104,780 |
| Cost Of Revenue | - | 82,306 | 77,828 | 76,502 | 75,511 |
| Gross Profit | - | 26,814 | 29,584 | 30,064 | 29,269 |
| Operating Expense | - | 22,966 | 23,877 | 24,498 | 24,152 |
| Operating Income | - | 3,848 | 5,707 | 5,566 | 5,117 |
| EBITDA | - | 6,596 | 8,600 | 8,653 | 8,346 |
| EBIT | - | 3,896 | 5,799 | 5,672 | 5,212 |
| Pretax Income | - | 3,418 | 5,297 | 5,261 | 4,767 |
| Tax Provision | - | 638 | 1,159 | 1,170 | 1,062 |
| Net Income | - | 2,780 | 4,138 | 4,091 | 3,705 |
| Net Income Common Stockholders | - | 2,780 | 4,138 | 4,091 | 3,705 |
| Total Expenses | - | 105,272 | 101,705 | 101,000 | 99,663 |
| Interest Expense | - | 478 | 502 | 411 | 445 |
| Selling General And Administration | - | 20,581 | 21,462 | 21,969 | 21,535 |
| Normalized EBITDA | - | 6,596 | 8,600 | 8,653 | 8,346 |
| Normalized Income | - | 2,780 | 4,138 | 4,091 | 3,705 |
| Market Cap | 58,536.11 | 58,536.11 | 58,536.11 | 58,536.11 | 58,536.11 |
Consumer Defensive sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Target Corporationthis co. | TGT | $58.7B | 15.80β discount | 3.62 | 22.9% | 8.79 |
| Monster Beverage Corporation | MNST | $76.4B | 40.15 | 9.27 | 23.1% | - |
| Mondelez International, Inc. | MDLZ | $74.7B | 30.17 | 2.86 | 9.5% | 18.83 |
| Colgate-Palmolive Company | CL | $68.3B | 31.85 | 1257.68 | 3948.1% | 19.00 |
| Coca-Cola Europacific Partners PLC | CCEP |
| - |
| - |
| - |
| - |
| - |
| $44.7B |
| 22.49 |
| 5.57 |
| 24.8% |
| 14.19 |
| The Kroger Co. | KR | $44.1B | 41.88 | 7.18 | 17.1% | 11.10 |
| The Hershey Company | HSY | $37.9B | 43.94 | 8.37 | 19.0% | 22.46 |
| Sysco Corporation | SYY | $37.4B | 20.06 | 20.04 | 99.9% | 12.11 |
| Kenvue Inc. | KVUE | $33.8B | 22.84 | 3.12 | 13.7% | 13.79 |
| Peer Median | - | 31.01 | 7.77 | 21.1% | 14.19 | |